iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Hits New 12-Month High – What’s Next?

Shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $47.31 and last traded at $47.2310, with a volume of 171041 shares trading hands. The stock had previously closed at $46.47.

iShares MSCI United Kingdom ETF Price Performance

The firm has a market capitalization of $3.03 billion, a P/E ratio of 15.42 and a beta of 0.71. The business has a 50 day moving average price of $44.57 and a 200 day moving average price of $42.77.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

Hedge funds have recently modified their holdings of the business. Truist Financial Corp boosted its position in shares of iShares MSCI United Kingdom ETF by 5.0% during the 2nd quarter. Truist Financial Corp now owns 7,559 shares of the company’s stock valued at $300,000 after acquiring an additional 363 shares in the last quarter. Assetmark Inc. boosted its holdings in iShares MSCI United Kingdom ETF by 191.3% during the second quarter. Assetmark Inc. now owns 8,047 shares of the company’s stock valued at $320,000 after purchasing an additional 5,285 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in iShares MSCI United Kingdom ETF during the second quarter valued at approximately $295,000. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI United Kingdom ETF by 4.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 467,703 shares of the company’s stock valued at $18,577,000 after purchasing an additional 21,457 shares during the period. Finally, Brown Advisory Inc. raised its holdings in shares of iShares MSCI United Kingdom ETF by 29.8% in the 2nd quarter. Brown Advisory Inc. now owns 109,740 shares of the company’s stock worth $4,359,000 after buying an additional 25,168 shares in the last quarter. 58.38% of the stock is owned by institutional investors.

About iShares MSCI United Kingdom ETF

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.